G-20 Summit 2012 To Held In Los Cabos, Mexico

G-20 Summit 2012 Logo

This year's G-20 Summit will be held in Mexico's coastal resort of Los Cabos on June 18-19.

The G-20 Summit is the main forum of international economic coordination that brings together the world’s most important emerging and advanced economies. These economies, called the G-20, account for over 80 per cent of the world GDP, 80 per cent of global trade and two thirds of the world population.

G-20 members are Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, South Korea, Turkey, the United Kingdom, the United States and the European Union.

During the Summit, the government heads will discuss the main challenges of the global economy and define actions to restore economic stability and growth.

The International Monetary Fund (IMF) said on Thursday that it expects the upcoming Summit would focus on issues of global growth, job creation and the Eurozone debt crisis.